YouTube removes some copyrighted video content

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(Continued) The RFS Newsletter, Nov. 18, 2006. Page 3
To appease media companies who realize that their copyrighted material have been posted on YouTube, the popular video sharing service has removed some copyrighted video content and has made new deals with other media companies since. At the same time, YouTube has been sued itself by a company with the Internet address "Utube.com" over certain confusion caused by the similar domain names.

In news on Tuesday, Google announced that it had completed its acquisition of YouTube. The closing price includes $15 million in cash, 3,217,560 shares of Google Class A Common Stock, along with an additional 442,210 shares of restricted stock and warrants. Overall, the number of Google shares was determined by dividing the $1.65 billion acquisition price by an average value of stock over the last 30 days. After the transaction, there will be 12.5 percent of the stock held in escrow for one year.

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